# corporate news

Latest news group about corporate news.

Harita Nickel Investors to Receive Rp 1.4T in Dividends

Harita Nickel, which operates on Obi Island in North Maluku, conducted its initial public offering in April.
Business Jul 5, 2023 | 6:26 pm

Astra Land Acquires Commanding Stake at Jaya Mandarin for $50M

The transaction seeks to enhance Astra Land’s property business growth as Jaya Mandarin owns buildings at a very strategic location.
Business Jul 5, 2023 | 12:07 pm

Two P2P Lending Platforms Plan IPO

Akseleran has publicly announced the plan to hold an initial public offering to raise Rp 358 billion in fresh capital.
Business Jul 5, 2023 | 7:43 am

MyRepublic Gets Rp 2T Loan to Expand Internet Coverage

The syndicated loan also offers an option for potential additional funds of up to Rp 1 trillion if needed.
Tech Jul 5, 2023 | 2:37 am

INTI Awarded Project to Supply Solar Lampposts in 27 Provinces

The Bandung-based company has previously supplied solar lampposts in more than 8,700 areas.
Tech Jul 5, 2023 | 1:26 am

Amman Mineral to Go Public at Rp 1,695 per Share

Scheduled to take place from July 3-5, the IPO is expected to generate fresh funds amounting to Rp 10.72 trillion ($713 million).
Business Jul 3, 2023 | 1:55 pm

GoTo Embarks on New Chapter under New Leaders

Patrick Sugito Walujo officially becomes the new CEO replacing Andre Soelistyo, who will serve as a commissioner.
Business Jul 2, 2023 | 1:40 pm

OJK Revokes License of Insurer Kresna Life

The OJK said earlier this week Kresna Life owed customers Rp 5.2 trillion ($346 million) in unpaid insurance claims.
Business Jun 23, 2023 | 9:53 pm

Indofood Handsomely Rewards Shareholders with Rp2T in Dividends

The dividend payment, agreed upon by the annual general meeting of shareholders, is equivalent to Rp 188 per share.
Business Jun 23, 2023 | 4:11 pm

GoTo, Toba Break Ground on Electric Motorcycle Factory in Cikarang with $1B Investment

The project is estimated to cost $1 billion for the first two years with an equal cost-sharing agreement between GoTo and Toba.
Business Jun 23, 2023 | 3:07 pm

Jasa Armada Earmarks 75% of Profit for Dividends

Jasa Armada has three main businesses including pilotage service, freight service, and fleet management service.
Business Jun 23, 2023 | 8:59 am

Ramayana Reduces Capital Expenditure to Rp 200B

Q1 sale revenues fell slightly by 2.79 percent y-o-y to Rp 583.75 billion but the net profit grew by 0.55 percent to Rp 30.17 billion.
Business Jun 22, 2023 | 7:35 pm

OLX Autos Indonesia Looks for New Investors: Reports

OLX Autos Indonesia apparently has been looking for new investors since early this year.
Business Jun 22, 2023 | 4:17 pm

Garuda Wins World’s Best Cabin Staff Award for Record 6th Time

Garuda is also ranked 30th among the world’s top 100 airlines, improving by one position from last year.
Business Jun 22, 2023 | 2:31 pm

Waskita Beton Won’t Pay Dividends despite Profit Hike

The company reported a 134 percent rise in net profit to Rp 675 billion ($45 million) last year compared to the previous year.
Business Jun 21, 2023 | 6:49 pm

IDX Announces 3 Days Off for Next Week

The trading holidays will fall on June 28-30 in line with the government directive, the IDX announced on Wednesday.
News Jun 21, 2023 | 4:47 pm

IDX Announces 3 Days Off for Next Week

The trading holidays will fall on June 28-30 in line with the government directive, the IDX announced on Wednesday.
News Jun 21, 2023 | 4:47 pm

Gov't Mulls Reducing State Construction Firms to Three

The seven construction firms include Adi Karya, Waskita Karya, Wijaya Karya, Hutama Karya, PTPP, Jasa Marga, and Nindya Karya.
Business Jun 20, 2023 | 5:25 pm

PANI Changes Name after Aguan Becomes CEO

PANI recently acquired 762 hectares of land at Pantai Indah Kapuk 2, the new location for an upscale housing and business district.
Business Jun 19, 2023 | 7:08 pm

Number of Adaro Shareholders Tops 100,000

Adaro Strategic Investments controls a commanding stake of 43.91 percent and founder Garibaldi ‘Boy’ Thohir holds 6.18 percent.
Business Jun 19, 2023 | 3:18 pm